ISLAMABAD, May 23 (INP) – The primary source of finance for developing countries such as Pakistan comes from private sector investments. The private sector investments in Pakistan are heavily influenced by a small number of strong firms and their decisions influence the interest rates as well as several other factors. Talking to WealthPK, Additional Secretary Finance Aamir Nazir Gondal said …
ISLAMABAD, May 23 (INP) – Agritech Limited ended the first quarter of the ongoing calendar year 2024 with a gigantic growth of 999% in net sales to Rs9.24 billion, reports WealthPK. Additionally, a gross profit of Rs1.63 billion was earned in 1QCY24 compared to a gross loss of Rs551.27 million in 1QCY23, representing a notable spike of 396.32%. The gross …
KARACHI, May. 23 (INP) – Entrepreneurs in the Hub Industrial and Trading Estate (HITE) in Balochistan have demanded the federal and provincial governments resolve their issues, particularly those related to infrastructure development and gas supply, which are severely denting their operational capabilities. The businessmen have long been demanding consistent gas supply with proper pressure, improved road connectivity between Karachi and …
ISLAMABAD, May. 22 (INP) — Pakistan has prioritized the development of business-to-business (B2B) ventures and Special Economic Zones to attract foreign direct investment. This strategic initiative emphasizes collaboration between the public and private sectors to spur sustainable economic development. Talking to WealthPK, Jamshed Ahmed, Investment and Industrial Specialist at the CPEC Authority, Ministry of Planning, Development and Special Initiatives, said …
Islamabad, May 22 (INP): 270 MW solar PV project in Karachi and a 200 MW hybrid plant near the Dhabeji Grid Station significantly contribute to the city’s energy mix, promoting sustainability and reducing the carbon footprint. In February 2023 last year, three Gorges Group of China (CTGSAIL) and K-Electric signed a memorandum of understanding (MoU) to collaborate in the development of about …
ISLAMABAD, May 22 (INP) — Pakistan has abundant deposits of magnesium, which need to be exploited for manufacture and export of magnesium-based energy-saving products. This can help fetch a huge fortune to the state coffers. Chief Geologist at Balochistan-based Koh-e-Daleel Minerals Company (Pvt) Limited Abdul Bashir said this while talking to WealthPK. “Magnesium occurs in more than 60 minerals but …
ISLAMABAD, May. 22 (INP) — Freelancers in remote areas of Gilgit-Baltistan are facing difficulties in fulfilling their tasks owing to frequent power suspensions. However, the recent reduction in the prices of solar panels has made it possible for people in the region’s rural parts to power their homes and workplaces at affordable costs. Talking to WealthPK, Ghulam Rehman, president of …
KARACHI, May. 22 (INP) – The Sindh government will establish help desks in different departments to facilitate industrials in navigating the cumbersome regulatory processes and ensuring ease of doing business in Karachi, which is the main economic and industrial hub of Pakistan. Industrialists have long been complaining about unnecessary hurdles in resolution of their issues due to red-tape in different …
LAHORE, May 20 (INP): Challenge Fashion (Pvt) Ltd, a Chinese textile company, has acquired 100 acres of land in Lahore, Pakistan’s emerging economic hub, in an aim to develop a Special Economic Zone (SEZ) for a textile park. The company plans to commence the construction of an export-based garment factory after completing a 3-kilometer access road from the main highway …
SWAT, May 20 (INP): In celebration of the International Museum Day, the Directorate of Archaeology and Museums of the Khyber Pakhtunkhwa (KPK) Government in Pakistan collaborated with Chinese public welfare organizations, Gandhara Guardians and the China-Pakistan Youth Exchange Community, to host an educational event centered on museums. Children were invited to the Peshawar Museum and the Swat Museum to engage …
